FOREX / Currency Trading - EUR to GBP Currency Trend - Today and Weekly (Short Term) - Stochastic & Candle Stick in COMMUNITY CENTER - EUR to GBP currency Trend in Short Term can be predicted using Indicators like Stochastic Oscillator (Fast & Slow). Below's ...
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05-06-2013 06:58 PM
EUR to GBP Currency Trend - Today and Weekly (Short Term) - Stochastic & Candle Stick
EUR to GBP currency Trend in Short Term can be predicted using Indicators like Stochastic Oscillator (Fast & Slow). Below's the EUR to GBP Trend chart (Candle Stick) with the Stochastic Indicator for the last 4 months.
Look closely and you can see 2 lines (One looks like bluish green and other is kind of a grey line). They are the Stochastic trend lines.
- If the Blue Line is above the Grey Line, Trend is Positive.
- If the Blue Line is below the Grey Line, Trend is Negative.
- Trend change mostly happens when Stochastic indicator is above 80 or below 20
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